Photovoltaic Systems PV costs between $5.50- $10.00/ watt installed- Stationary mount, single-axis tracker, and dual-axis tracking options available Larger systems typically run much less
Photovoltaic Systems The federal government offers a 30% tax credit for PV systems- - 30% of installed cost of system can be calculated at end of year with your tax return or issued in the form of a grant to finance the system - No cap - Tax Credit is Refundable
Photovoltaic Systems Maintenance of PV systems is minimal. The panels should be cleaned occasionally or as needed. Panels are warranted up to 25 years and most inverters are warranted up to 10 years All controls are automatic, solid state, UL approved and NEC regulated. UL – Underwriters Laboratories NEC- National Electric Code
Photovoltaic Systems Hail is a concern for hailstones over 1 ½ in diameter. Homeowners insurance will cover replacement. Notify your insurance company to find out if additional coverage is needed. Most companies do not require additional coverage or additional fees. Your agent should be notified of the addition of PV to eliminate confusion when a claim is made.
Photovoltaic Systems Affordability Enhanced By- Residential - Federal Tax Credit- 30% of Installed Cost- Refundable - or 30% of Cost of Project Issued in Form of a Grant - Energy Savings and Dollar Saving Based on Accelerated Electric Rates - Better Investment Than CDs, 401K or Stock Market - Attractive Energy Loan Programs- Energy Office loan program Business* - Federal Tax Credit- 30% of Installed Cost - 5-Year Accelerated Depreciation - Investment Credits - Equipment Lease Programs * Every Dollar Invested is Written Off- Energy Savings is Secondary